At the meeting the bank approved loans to all five members countries totalling R20.3-billion.

The South African loan of R2.5-billion is set to go towards the Durban Container Terminal Berth Reconstruction Project.

According to a NDB media statement, the project is aimed at helping Transnet enhance the capacity of its Durban port, through the rehabilitation of container terminal berths and the upgrading of port infrastructure to provide additional slots for larger vessels. — Fin 24